Quiz 3.1.1 – What is it Worth to Be in Class?

Directions: Calculate how much getting that high school diploma is worth.

Given the average yearly earnings for[1]

Doctoral Degree……………………………………………… $4,332,640

Professional Degree……………………………………….. $4,326,400

Master’s Degree…………………………………………….. $3,454,880

College graduate with bachelor’s degree…………. $2,978,560

Two-year college associate’s degree………………… $2,090,400

Some college, but no degree…………………………… $1,944,800

High school diploma (or GED) …………………………. $1,774,240

Less than high school …………………………………….. $1,418,560


[1] https://www.bls.gov/careeroutlook/2023/data-on-display/education-pays.htm; based on 40-year, full-time employment